Brief: Cegedim FY EBITDA Up At 101.2 Million Euros

Cegedim SA

20/03/2020 08:33

March 20 (Reuters) - CEGEDIM SA  CGDM.PA :
    * REVENUES AND PROFIT IMPROVED IN 2019
    * FY RECURRING OPERATING INCOME GREW 12.2%
    * CONSOLIDATED REVENUE INCREASED BY EUR 36.1 MILLION, OR
7.7%, TO
EUR 503.7 MILLION IN 2019, COMPARED TO EUR 467.7 MILLION FOR
2018
    * EBITDA INCREASED BY EUR 24.5 MILLION, OR 31.9%, TO EUR
101.2
MILLION IN 2019, COMPARED WITH EUR 76.8 MILLION IN 2018
    * FY NET PROFIT ATTRIBUTABLE TO OWNERS OF PARENT EUR 2.7
MILLION
VERSUS EUR 5.8 MILLION YEAR AGO
    * CASH AND EQUIVALENTS DECREASED BY EUR 52.0 MILLION
COMPARED WITH
DECEMBER 31, 2018, TO EUR 29.1 MILLION AT DECEMBER 31, 2019
    * 2019 COST OF NET FINANCIAL DEBT INCREASED BY EUR 2.6
MILLION, OR
43.7%, TO EUR 8.6 MILLION IN 2019 VERSUS EUR 6.0 MILLION IN 2018
    * FACED WITH SPREAD OF CORONAVIRUS AND COVID-19 EPIDEMIC IT
IS
IMPOSSIBLE TO ISSUE SPECIFIC GUIDANCE ON GROUP'S 2020 OUTLOOK
    * BREXIT IS UNLIKELY TO HAVE A MATERIAL IMPACT ON GROUP
RECURRING
OPERATING MARGIN
    * ON IMPACT OF BREXIT: WITH REGARD TO HEALTHCARE POLICY,
GROUP HAS
NOT IDENTIFIED ANY MAJOR EUROPEAN PROGRAMS AT WORK IN UK, AND NO
CONTRACTS WITH ENTITIES IN UK CONTAIN CLAUSES DEALING WITH
BREXIT
    * TAX INCREASED BY EUR 0.9 MILLION, OR 22.8%, TO A CHARGE OF
EUR
4.8 MILLION IN 2019
    * CASH FLOW AFTER COST OF NET FINANCIAL DEBT AND TAXES €82.5
MILLION AT DEC 31, 2019 VERSUS €52.9 MILLION AT DEC 31, 2018
    * CONSOLIDATED TOTAL BALANCE SHEET AMOUNTED TO EUR 808.6
MILLION
AT DEC 31, 2019, A EUR 160.5 MILLION OR 24.8% INCREASE OVER DEC
31, 2018

Source text for Eikon:  ID:nGNE5gPbTJ 
Further company coverage:  CGDM.PA 

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